Company bosses may pay higher taxes under possible PIT bill amendment

A Sejm commission will start discussing the government's amendment to the personal income tax (PIT) bill today. Among other things, the project is aimed at decreasing the incomes of members of management and supervisory boards. Under the new regulations, the managers would not be allowed to deduct from their gross income more then zl. 1,800 a year as costs of his or her activity, just as in the case of normal job contracts. "The sum is ridiculously low. The amendment seems to disregard the special character of managerial contracts," said tax advisor Krzysztof Olczyk. As president of Agros Fortuna, Marek Moczulski, highlighted only the most typical expenses, such as expenses for transportation and mobile phones, may be transferred onto the company in accordance with the tax regulations. (Puls Biznesu, p. 8) M.K.